[pullquote]The world’s four richest citizens — Carlos Slim, Bill Gates, Warren Buffett, and Mukesh Ambani — have more in common with each other than they do with the bottom strata of their respective countries. Yes, they do handle their wealth differently. Gates and Buffett are giving most of it away, Ambani just built the world’s most expensive house, and Slim is somewhere in the middle. But all four can count on their home governments to take care of their needs first. Preserving that kind of social hierarchy is an unwritten assumption in deciding which solutions to the world’s problems arrive on the table and which do not. [/pullquote](Source)
Terrifying Fact of the Day.
The four richest men share a combined wealth bigger than that of the 57 poorest countries together.
Just to give an idea of the magnitude, I checked the Wikipedia page for the index of poorest countries. To measure this wealth, I used the gross domestic product (GDP) at purchasing power parity (PPP) per capita, that is, the value of all final goods and services produced within a nation in a given year divided by the average (or mid-year) population for the same year. To put it in layman terms, this index tells us the total money value of all final goods and services that are produced in an economy over a period of time.
This is the list of the 20 poorest ones (by decreasing order; meaning Zimbabwe is the poorest in the list), together with the population figures in millions. This gives us a combined population of 339.8 million people. I do not have the time to go through all 57 countries, but I believe this shortened list gives a good idea. The combined wealth of this four men, equals the combined production of these countries in a given year (population figures in millions next to each country):
- Central African Republic 4.4
- Congo, Democratic Republic of the 70.9
Now, I would love for someone to come and tell me that privilege, as a concept to analyze socioeconomic facts and trends, does not exist.
by redlightpolitics
Crosspost: Astroturfing: The (Fake) Grass That is not Always Greener
December 24, 2010 at 10:00 am in Crossposts
Astroturf is a kind of fake grass that was originally developed by Monsanto. It is also the slang name of a political phenomenon, subject of a very interesting article at The Guardian, These astroturf libertarians are the real threat to internet democracy. Read the rest of this entry →
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